Zhong Guo Jing Ji Wang·2025-09-25 00:54Core Insights - The introduction of the "Railway Freight Certificate" by Zhejiang Commercial Bank in collaboration with China National Railway Group effectively addresses the financial pressures faced by bulk commodity enterprises in railway transportation [1][2][5] Group 1: Business Model and Implementation - The "Railway Freight Certificate" integrates domestic letters of credit with railway logistics, allowing for an online process that alleviates payment pressures and improves cash flow for bulk commodity companies [2][3] - The first transaction of the "Railway Freight Certificate" was successfully executed for Huainan Mining Group, with a credit amount of 1 billion yuan, demonstrating the model's effectiveness in easing financial burdens [4] Group 2: Market Impact and Adoption - The railway freight transport sector is crucial for bulk commodity logistics, with coal accounting for over 55% of the total railway freight volume in China, which is projected to exceed 5.1 billion tons in 2024 [2] - The "Railway Freight Certificate" has been adopted by multiple branches of Zhejiang Commercial Bank across various regions, indicating a growing trend in its implementation among both state-owned and large private logistics enterprises [4][6] Group 3: Strategic Goals and Future Plans - Zhejiang Commercial Bank aims to deepen cooperation with China National Railway Group and expand the "Railway Freight Certificate" service to major railway freight lines nationwide, enhancing the resilience and security of the supply chain [6]